Letter to the Tax Office / Inland Revenue Department clarifying the original intention of purchase of a self-use property and why it should be exempted from tax.
This property was acquired with the intention for self-use [STATE ORIGINAL INTENTION OF PURCHASE - as I was planning to get married within this year. However, due to unforeseeable events after I signed the temporary S&P agreement, the engagement was cancelled. Since then I don't see the needs to move into the new location which is more suitable for newly wedded with a plan to have 1-2 children within the next 5 years. I don't know when will I get the next opportunity therefore, rather than stepping into a long term financial commitment right now, I prefer to stay flexible.]
Commissioner of Taxation,
Inland Revenue Department,
capital gain tax,